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<br>[Pioneering](https://www.crunchbase.com/organization/mission-newenergy) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) producer Argent Energy offered<br>
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<br>23 July 2013<br>
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<br>Argent Energy, a leader of large-scale commercial production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been purchased by a [green investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firm.<br>
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<br>Argent, based near Motherwell, was offered to a [subsidiary](https://pitchbook.com/profiles/company/51278-86) of [London-based John](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire & Sons for a [concealed](https://www.zoominfo.com/c/mission-newenergy/346542889) sum.<br>
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<br>Argent makes [green road](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) fuel by recycling wastes and residues such as [utilized cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil and tallow from the meat market.<br>
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<br>The company will remain in personal ownership and will continue to run [individually](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
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<br>Its senior management, consisting of [chairman Andy](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) Hunter, handling director Jim Walker and [monetary director](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Jim Boyd are to remain with the [business](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4).<br>
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<br>Souter Investments, the [personal investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) firm of transportation tycoon Sir Brian Souter, confirmed it had actually offered its 37% stake in Argent.<br>
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<br>'Future capacity'<br>
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<br>Mr Walker stated the financial [investment](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) by John Swire [underlined](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Argent's strong market position, including there was now an opportunity "to take Argent's skills further afield".<br>
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<br> Swire, of John Swire, said his [company](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) was [committed](https://www.pinterest.com.au/missionnewenergy/) to "exploring and buying ingenious and viable green markets".<br>
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<br>He included: "We are delighted to be obtaining Argent Energy, a business which we think can grow and flourish not only within the UK but also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
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<br>"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in Argent Energy's workers a mix of qualities and worths that work with our own, and anticipate dealing with them to maximise Argent Energy's [future capacity](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4)."<br>
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<br>Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management in addition to Souter Investments.<br>
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<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) a year.<br>
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<br>Cooking oil to run buses in trial<br>
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<br>4 November 2011<br>
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<br>Argent Energy<br>
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<br>Souter Investments<br>
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